CNX Resources Corp (CNX US, +1, 23-Aug-24)

Bernard Lanigan (Director since 2016) purchased 75,000 shares on August 20th at $26.74, spending $2 million. The purchase is indirect for Conifer Partners and takes his total direct and indirect holdings to 1.3 million shares. 

In 2023 we gave this stock a positive rank twice based primarily on purchases from Lanigan, on June 1st after a $2.1 million purchase from him at $15.24 and again in September on a $3.2 million purchase at $21.95. Seeing him continue to add at a higher price is interesting. His first reported purchase soon after joining the board was at $14 in February 2017. 

We are ranking the stock +1 (strongly positive).